China: Iron ore prices steady d-o-d on firm mill margins

Iron ore fines (Fe 62%) spot prices edged down slightly by $0.45/dmt to $101.2/dmt CFR China on 6 Aug’25. Active trading kept iron ore prices steady, though weak downstream demand in China limited gains. Firm mill margins drove need-based buying of high-grade fines, especially in Tangshan, with demand supported by their cost-effectiveness ahead of holiday restocking.


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